So whos going to buy this Brand New Evo 9 MR?
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Jul 16, 2017, 07:07 AM
#9
Heard about this and fully expected to see a thread. I'm not at all surprised by the pricing. The market may shake itself out in the next five years or so. That's when the bulk of the beat-to-crap Evos will be off the road. Add a chance of additional demand, and high values for mint cars are a real possibility.
Let me use my own IX as an example of the market's current perception. The car looks stock and its paint is relatively flawless. A few weeks ago, we were invited to bring our Evolution to an annual automotive event that usually only features (truly) restored Muscle and Classics. My point is, the automotive establishment is beginning to take notice and these folks have money. A lot of money.
While the Evolution traditionally appealed to the Japanese car enthusiast and an occasional outlier like myself, if the "classic"car guy starts to favor the platform. the prices will likely rise significantly higher. Again, this only applies to relatively low-mileage, close-to-stock examples. Only time will tell.
I'm very curious to see where this auction ends up. At this point in time I'm confident thinking that it's the Japanese car enthusiast who's bidding. It'll be very interesting to see where his limit lies. Not sure the car will reach $150K <gulp>, but $80K would still be one hell of a number!
Let me use my own IX as an example of the market's current perception. The car looks stock and its paint is relatively flawless. A few weeks ago, we were invited to bring our Evolution to an annual automotive event that usually only features (truly) restored Muscle and Classics. My point is, the automotive establishment is beginning to take notice and these folks have money. A lot of money.
While the Evolution traditionally appealed to the Japanese car enthusiast and an occasional outlier like myself, if the "classic"car guy starts to favor the platform. the prices will likely rise significantly higher. Again, this only applies to relatively low-mileage, close-to-stock examples. Only time will tell.
I'm very curious to see where this auction ends up. At this point in time I'm confident thinking that it's the Japanese car enthusiast who's bidding. It'll be very interesting to see where his limit lies. Not sure the car will reach $150K <gulp>, but $80K would still be one hell of a number!
Jul 16, 2017, 08:57 AM
#10
Newbie
That's ridiculous... They prob have no intention of selling and prob using it for publicity. It is a stealership afterall. That price, especially $150k - $80k, can get you ALOT more car at Barrett or Mecum.
There is a Toyota dealer in my area that has a mint 94 Supra that they use for advertising and there is no way they would sell it... Draws too much attention.
There is a Toyota dealer in my area that has a mint 94 Supra that they use for advertising and there is no way they would sell it... Draws too much attention.
Jul 16, 2017, 03:45 PM
#13
Evolved Member
I always see this car since I go to that dealership a lot. I had heard rumors of them turning down offers that are around what the bidding is at right now.
I'm curious about the bidders -- the one in the lead seems like they have only bid on this, so I'm hoping that accounts aren't being made solely to artificially inflate the sale price.
I'm curious about the bidders -- the one in the lead seems like they have only bid on this, so I'm hoping that accounts aren't being made solely to artificially inflate the sale price.
Jul 16, 2017, 08:08 PM
#14
I always see this car since I go to that dealership a lot. I had heard rumors of them turning down offers that are around what the bidding is at right now.
I'm curious about the bidders -- the one in the lead seems like they have only bid on this, so I'm hoping that accounts aren't being made solely to artificially inflate the sale price.
I'm curious about the bidders -- the one in the lead seems like they have only bid on this, so I'm hoping that accounts aren't being made solely to artificially inflate the sale price.
Let's use a Porsche example. A man recently sold his 2,000 mile GT4. He loved the car, but felt like he had to sell when he was confronted with its value at 2,000 miles vs 10,000 miles. The depreciation due to mileage was too great to bear, financially. Similarly, say one finds a used low-mileage, stock IX. Uncorking the motor, which requires 1-3 parts, depending, will have no real influence on the perceived value of the car, as no one even has to know they're there, but other mods will.
All of a sudden those awful cams that make the car like like crap with no benefit don't just cost, say, $1000. That cost is now significantly higher, as the value of a stock-like Evolution soars. That's bound to have some effect on the aftermarket. Likely not immediately. If this car sells for $80K, perhaps in not too long.
The car is only original once. Most Evos were modded into oblivion. Stock and stock-ish cars are rare. If the traditional automotive collector enters the market, the monetary gap will likely sit higher. Damn, I really hope the auction goes through!